Sentences with phrase «to protect the lender in case»

The borrower gets the insurance premium added to the mortgage balance, and the insurance protects the lender in case of the borrower's default.

This type of insurance protects the lender in case you are unable to repay the loan amount and default on the mortgage.

Because mortgages with smaller down payments pose a greater risk for the lender, they require the borrower to pay for mortgage insurance, which protects the lender in case of default.

This coverage helps protect the lender in case you can't make your payments and default on the loan.

This insurance policy protects your lender in case the title insurance company made a mistake in its title search and you later discover that there are liens against your home.

A borrower can put down less, but would be required to pay mortgage insurance, which protects the lender in case the borrower defaults.

A borrower buys private mortgage insurance to protect the lender in case of default.

Private mortgage insurance protects lenders in the case that borrowers default on their mortgage.

This coverage helps protect the lender in case you can't make your payments and default on the loan.

PMI protects the lender in case of default, but the premiums are paid by the borrower.

The guaranty in this situation is that the VA will protect the lender in case there is a loss if the veteran or owner fails to pay off the loan.

Some require mortgage insurance — the premiums you pay protect the lender in case you default.

PMI protects the lender in case of default on the loan.

FHA borrowers pay for mortgage insurance, or MI, which protects the lender in case of default.

FHA mortgage insurance protects lenders in case of a default by the borrower of the FHA loan.

As an FHA loan, there is insurance required for two reasons: to protect the lender in case of borrower default and to ensure that the borrower continues to receive payments for the duration of the loan no matter what happens to the lender.

This mandatory insurance protects the lender in case the borrower defaults on mortgage payments.

It protects the lender in case of default, but this added premium increases mortgage payments.

The insurance protects lenders in case you default on your mortgage.

If you pay less than 20 percent down, you'll be asked to pay for PMI, which protects the lender in case you default on your loan.

If a 20 percent down payment is not made, lenders usually require the homebuyer to purchase private mortgage insurance (PMI) to protect the lender in case the homebuyer fails to pay.

If your loan is greater than 80 percent of the value of the property, you will probably have to pay for mortgage insurance that protects the lender in case you default.

Mortgage insurance protects the lender in case the borrower defaults on the mortgage, while benefiting the borrower by allowing very little down payment or equity.

This insurance protects the lender in case you default on your mortgage.

This PMI protects the lender in case you default on the mortgage.

Lender's Policy: This protects the lender in case the mortgage turns out to be unenforceable.

Having this amount will save you from paying mortgage insurance, which is a fee that's added to your monthly payments that protects lenders in case you're unable to pay the mortgage.

By putting down at least 20 %, you'll also avoid the need for private mortgage insurance (PMI), which is designed to protect the lender in case you default.

You'll need to pay private mortgage insurance, a premium that protects the lender in case you default on the loan.

Mortgage default insurance, commonly called CMHC insurance, protects lenders in case you default on your mortgage.

This insurance protects your lender in case you stop making your monthly mortgage payments.

Insurance used to protect lenders in case the loan can not be repaid; typically applies to conventional loans

Typically, mortgage insurance is designed to protect the lender in case a borrower defaults on his or her loan.

Private mortgage insurance (PMI) is an insurance that protects lenders in case of a borrower default.

Unsecured by definition means there is no underlying tangible asset to protect the lender in case of borrower default.

That protects the lender in case you default.

PMI (Private Mortgage Insurance) is special insurance that protects the lender in case of borrower default.

This fee, which is tacked onto your monthly mortgage payment, protects your lender in case you default on your loan.

Typically, if you put down less than 20 % on a property, your lender will also require you to pay for private mortgage insurance (PMI) which protects the lender in case you default.

A type of insurance that protects the lender in case the borrower stops making monthly payments.

PMI is a requirement to protect lenders in case you foreclose on your home.

Mortgage default insurance is mandatory coverage that protects a lender in case a borrower stops making payments or defaults on a loan.

This protects the lender in case of a default by the buyer.

«The funding fee for the program pays for a government guarantee to protect lenders in case of a default.»

That insurance protects the lender in case you fail to pay the mortgage.

FHA loans are designed for people like you: With FHA backing, which protects the lender in case you default on your mortgage, lenders can broaden their credit standards.

This insurance protects the lender in case you can't pay off your mortgage.

PMI protects lenders in the case that borrowers default on their mortgage and also benefits homebuyers, as it allows buyers to purchase a home with a low down payment.